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1. Bienvenu Enterprises reported cost of goods sold for 2010 of $1,400,000 and retained earnings of $5,200,000 at December 31, 2010. Bienvenu later discovered that its ending inventories at December 31, 2009 and 2010, were overstated by $110,000 and $35,000, respectively. Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings
Did customers take greater (or lesser) advantage of sales discounts in 2015 than in 2014 and 2013? Does this indicate customers were more (or less) likely to promptly pay their balances in 2015 as compared to prior years? Calculate the average days t..
The fraud triangle identifies three critical elements
total sales at a store are 1000000 and 80 of those sales are credit. the beginning balance and ending accounts
the adams company a merchandising firm has budgeted its activity for november according to the following
The balance sheet data of Wyeth Company at the end of 2010 and 2009 follow. Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash.
wedig diagnostics manufactures two lasers photometer that are used in preparing dnas. the us model is designed for use
The purchase of the equipment should increase net income by $40,000 each year for 5 years. (a) Compute the annual rate of return. (b) Compute the cash payback period.
summerborn manufacturing co. completed the following transactions during 2012 jan 16 declared a cash dividend on the 5
Prepare the General Fund journal entries necessary on October 1, October 20, and November 1, 2013. Classify the expenditures as Road maintenance.
vintech manufacturing incurs unit costs of 7 4 variable and 3 fixed in making a subassembly part for its finished
a company has a minimum required rate of return of 9. it is considering investing in a project that costs 175000 and is
If the stock currently sells for $65, what is your best estimate of the company's cost of equity?
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